Oversupply sees lamb prices fall
LAMB prices are declining with a significant increase in supply across the south and midlands being met by only mild demand from buyers.
Latest figures from the Meat & Livestock Commission suggest numbers increased by 20% in England and Wales last week to total almost 69,000 head. That accounted for the SQQ for England settling at 112p/kg and Wales 111p/kg, a fall of between 4-4.5p/kg on the week.
Scottish markets have yet to see a significant number of new season lambs come forward; less than 1400 sold last week to average 108.5p/kg, reports the MLC.
More abattoirs are reportedly switching over to new season supplies as availability of hoggets dwindles. However, uptake by retailers has not been as strong as many suppliers had hoped. *